Ethereum

Rally

Read

Gains

<h4><strong>On-chain data shows these large holders have been snapping up <a href="https://www.coingecko.com/en/coins/ethereum" target="_blank" rel="noopener noreferrer nofollow">ETH</a>, with over 51,450 tokens — worth a whopping $188 million — purchased in just two days. </strong></h4>
<p>This surge in whale activity hints at a possible rally, with some analysts eyeing a push past $3,700 or even $4,000 for ETH.</p>
<h5><strong>What’s the Big Deal About Whales?</strong></h5>
<p>Whales are the big-time players in the crypto world. They hold massive amounts of tokens, and their buying or selling decisions can rock the market. Recently, Ethereum’s whale netflow — the difference between coins bought and sold by these large holders — has jumped from 28,680 ETH on November 29 to 80,130 ETH today.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Ethereum whales accumulated 51,450 ETH worth $188 million in just two days, signaling strong bullish momentum and a potential breakout above the $4,000 mark.<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Blockchain</a> <a href="https://twitter.com/hashtag/Cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cryptocurrency</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Altcoins</a> <a href="https://twitter.com/hashtag/DeFi?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#DeFi</a> <a href="https://twitter.com/hashtag/NFT?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#NFT</a> <a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoNews</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETH</a></p>
 <p>— RevenueBOT_en (@RevenueBOT_en) <a href="https://twitter.com/RevenueBOT_en/status/1863487037413744891?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 2, 2024</a></p>
</blockquote>
<p><script src="https://platform.twitter.com/widgets.js" async charset="utf-8"></script></p>
<p>This positive netflow is a bullish signal, showing whales are buying more ETH than they’re selling. It’s like seeing the early signs of a storm brewing — but this time, it’s good news for Ethereum fans.</p>
<h5><strong>Retail Investors Joining the Party</strong></h5>
<p>It’s not just the whales diving in. Retail investors are also showing more interest in ETH, adding fuel to the fire. Data from <a href="https://cryptoquant.com/asset/btc/chart/market-data/coinbase-premium-index?window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=line" target="_blank" rel="noopener noreferrer nofollow">CryptoQuant</a> highlights a rise in the Coinbase Premium Index. This index tracks the price difference of ETH/USD on Coinbase and Binance. A positive reading means U.S. investors are buying ETH more than selling, a trend that’s gaining steam.</p>
<p>If this momentum continues, the increased demand from both whales and retail investors could send ETH’s price soaring even higher.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Ethereum Rally Gains Momentum: Funding Rates Signal Bullish Sentiment with Room for Growth</p>
 <p>“This trend highlights increasing bullish momentum among investors and traders as <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a>’s price surges.” – By ShayanBTC</p>
 <p>Read more <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/L4UW36pHA9" rel="noopener noreferrer nofollow">https://t.co/L4UW36pHA9</a> <a href="https://t.co/NpUJDrIgUa" rel="noopener noreferrer nofollow">pic.twitter.com/NpUJDrIgUa</a></p>
 <p>— CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1862183358639280280?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 28, 2024</a></p>
</blockquote>
<p><script src="https://platform.twitter.com/widgets.js" async charset="utf-8"></script></p>
<h5><strong>Why Are Whales Buying Now?</strong></h5>
<p>Experts suggest the buying spree could be driven by optimism around Ethereum’s long-term potential. With ETH’s ecosystem continuing to grow and more people jumping into DeFi and NFTs, the cryptocurrency has plenty of room to run. Also, some whales are buying <a href="https://www.altcoinbuzz.io/?s=hbar" target="_blank" rel="noopener noreferrer nofollow">HBAR</a>.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> WHALES KEEP ACCUMULATING: <a href="https://twitter.com/search?q=%24HBAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$HBAR</a> continues to be taken off exchanges as the SUPPLY SHOCK is starting to gain momentum.</p>
 <p>There will soon be very little HBAR left to buy on exchanges, potentially causing a skyrocketing price appreciation due to demand outweighing supply. <a href="https://t.co/nKjEbdaJtb" rel="noopener noreferrer nofollow">pic.twitter.com/nKjEbdaJtb</a></p>
 <p>— Shawn (@oroogle) <a href="https://twitter.com/oroogle/status/1863438993230090492?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 2, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Some analysts believe ETH could climb past $3,700 soon and might even make a run toward $4,000 if demand stays strong. It’s not guaranteed, but the stars seem to be aligning for Ethereum right now.</p>
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg"></a></p>
<div class="youtube-embed" data-video_id="vaMKpu4hBaw"><iframe title="XRP Ripple to $3K THIS WEEK?! BTC, XRP, Chill Guy, SHIB, PEPE TA" width="696" height="392" src="https://www.youtube.com/embed/vaMKpu4hBaw?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/ethereum-whales-spend-188m-eyeing-4000-price/" rel="noopener noreferrer nofollow">Ethereum Whales Spend $188M, Eyeing $4,000 Price</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Ethereum Whales Spend $188M, Eyeing $4,000 Price

Altcoin Buzz

Other articles published on Dec 2, 2024

High Demand For XRP This Bull Run As XRP Vanishes From Exchanges

Coinbase Backs Out of Turkish Crypto Market Amid Regulatory Pressures

South Korea’s New Crypto Tax Deadline Set for 2027- Data

PV installer earns $30,000 through DDB Miner

Polkadot Blockchain Academy Heads to Europe with Lucerne University Developer Course

Crypto ETFs hit record highs: $6.5B for Bitcoin, $1.1B for Ether

Join our free newsletter for daily crypto updates!